Few are attributing the cryptocurrency’s rise to market fundamentals after the GameStop roller coaster.
Category: Ether
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Ethereum, la criptomoneda con la segunda capitalización más grande del mercado, tocó un nuevo máximo histórico al alcanzar los USD […]
Ethereum’s realized cap has surged into new all-time highs this month, indicating that new money is rushing to accumulate ETH.
Its price fell Tuesday but the amount of BTC in DeFi is at its highest in over a month.
The ether rally appears to be more organic and driven from within the crypto industry.
There appears to be strong support around $30,000, according to traders.
Bitcoin fell by over $3,300 while options traders see ether going higher.
Many analysts predict that a parabolic ETH rally may be imminent, pointing to Ethereum’s surging DeFi ecosystem and network fundamentals.
The price of bitcoin has traded in a tight range Tuesday.
Bitcoin may be down now but there is still growing demand for crypto assets, one analyst said.